US real estate: Smart diversification option for HNIs

In the last few months a number of interesting trends have emerged that point to the rise of the US real estate market as an attractive destination for international investors, and quite significantly wealthy Indian investors. According to a recent survey by the National Association of Realtors USA, for the 12 month period ending March 2011, foreigners purchased close to 4% of homes in the US. Of this, Indian buyers accounted for 7%.
Recent data released by the Reserve Bank of India on the pace of overseas remittances by wealthy Indians under the Liberalised Remittance Scheme seems to concur with that trend……………………………………….Full Article: Source